Parity : Grant of Options

Parity Group PLC

21 May 2018

Parity Group plc ('Parity 'or the 'Group')

Grant of Options to Directors/PDMRs

The Board of Parity (AIM:PTY), the technology focussed consultancy and staffing business announces that the Board has issued options over an aggregate of 3,600,000 ordinary shares of 2 pence each in the Company ('Share Options'). The Share Options were granted on 18 May 2018 on the recommendation of the Remuneration Committee, and represent approximately 3.5% of the Company's current issued share capital.

Alan Rommel, Chief Executive Officer, has been awarded 1,600,000 Share Options. Roger Antony, Group Financial Director, has been awarded 1,000,000 Share Options. Andrew Foskett, MD of the Parity Professionals division and Andrew Ogg, MD of the Consultancy Services division have each been awarded 500,000 Share Options.

The Share Options each have an exercise price, calculated in accordance with the rules of the Approved and Unapproved CSOP Schemes 2009, of 12.8 pence being the closing mid-market price per ordinary share on 17 May 2018.

The Share Options will vest after 3 years and are subject to the following performance conditions:

· One third of each individual grant of Share Options will be exercisable if the share price achieves or exceeds 125% of the exercise price for a period of at least five consecutive trading days at any time during the vesting period;

· One third of each individual grant of Share Options will be exercisable if the share price achieves or exceeds 150% of the exercise price for a period of at least five consecutive trading days at any time during the vesting period; and

· One third of each individual grant of Share Options will be exercisable if the share price achieves or exceeds 175% of the exercise price for a period of at least five consecutive trading days at any time during the vesting period.

Contacts:

Parity Group PLChttp://www.parity.net/

Alan Rommel, CEO + 44 (0) 208 543 5353

Roger Antony, GFD

WH Ireland Limitedhttp://www.whirelandcb.com/

Mike Coe / Ed Allsopp [phone]

MHP Communications [e-mail]

Katie Hunt / Kelsey Traynor [phone]

The notifications below, made in accordance with the EU Market Abuse Regulation, provide further details in relation to the grant of the Share Options to the PDMRs:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alan Rommel
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Parity Group plc
b)	LEI	213800YEHAYBJ63OHB38
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 2p each GB00B1235860
b)	Nature of the transaction	Grant of options to subscribe for new ordinary shares under the Company's Unapproved CSOP Scheme 2009.
c)	Price(s) and volume(s)	Option Price(s) Volume(s) 12.8p 1,600,000
d)	Aggregated information - Aggregated volume - Price	1,600,000 £204,800.00
e)	Date of the transaction	18 May 2018
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Roger Antony
2	Reason for the notification
a)	Position/status	Group Finance Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Parity Group plc
b)	LEI	213800YEHAYBJ63OHB38
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 2p each GB00B1235860
b)	Nature of the transaction	Grant of options to subscribe for new ordinary shares under the Company's Approved and Unapproved CSOP Schemes 2009.
c)	Price(s) and volume(s)	Option Price(s) Volume(s) 12.8p 1,000,000
d)	Aggregated information - Aggregated volume - Price	1,000,000 £128,000.00
e)	Date of the transaction	18 May 2018
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Foskett
2	Reason for the notification
a)	Position/status	MD of Parity Professionals
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Parity Group plc
b)	LEI	213800YEHAYBJ63OHB38
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 2p each GB00B1235860
b)	Nature of the transaction	Grant of options to subscribe for new ordinary shares under the Company's Approved and Unapproved CSOP Schemes 2009.
c)	Price(s) and volume(s)	Option Price(s) Volume(s) 12.8p 500,000
d)	Aggregated information - Aggregated volume - Price	500,000 £64,000.00
e)	Date of the transaction	18 May 2018
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Ogg
2	Reason for the notification
a)	Position/status	MD of Consultancy Services
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Parity Group plc
b)	LEI	213800YEHAYBJ63OHB38
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 2p each GB00B1235860
b)	Nature of the transaction	Grant of options to subscribe for new ordinary shares under the Company's Approved and Unapproved CSOP Schemes 2009.
c)	Price(s) and volume(s)	Option Price(s) Volume(s) 12.8p 500,000
d)	Aggregated information - Aggregated volume - Price	500,000 £64,00.00
e)	Date of the transaction	18 May 2018
f)	Place of the transaction	Outside a trading venue